Sweden's Producer Price Index y/y reflects the average change in selling prices for goods produced by Swedish industrial companies in the reported month compared to the same month a year ago. The index shows price changes from the perspective of the manufacturer. The index include prices in the domestic market as well as sales prices in foreign markets.
Statistics include spending on food, clothing, footwear, household items, medical goods, and others. Car sales are not included.
The main variable in the PPI calculation is the price for a production unit at the first selling stage. This is either the ex-works price for the domestic market or the FOB in case of export. The index is calculated based on a survey of about 2000 Swedish enterprises which provide information for a sample of total 5000 goods. To calculate the resulting index, weights are assigned first to product groups, and then to individual goods in these groups.
The Producer Price Index is considered as a leading indicator of consumer prices, and hence of the inflation. It is a more accurate preliminary indicator, if compared to CPI: if producer prices grow, consumer prices are expected to grow accordingly. These two indicators are closely correlated.
The PPI growth is considered favorable for the national economy and can be seen as positive for the SEK quotes.
The chart of the entire available history of the "Sweden Producer Price Index (PPI) y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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